Investment Climate - Morocco
To encourage foreign investment, the Hydrocarbon Law in Morocco was amended in 1992 and in 2000, providing oil and gas investors with some of the most attractive fiscal terms available internationally. As well as this, Morocco offers a supportive regulatory framework and an excellent state oil company in ONYHM.
GDP: US$104.9 billion
Annual Growth: 1.8%
Population: 33.6 million
Major Industries: automotive parts; phosphate mining and processing; aerospace; food processing; leather goods; textiles; construction; energy; tourism
Major Trading Partners: Spain, France, USA, China
Country Risk Profile: BBB-
Existing Presence: Chevron, Repsol, Genel Energy, Kosmos Energy, Cairn Energy, Serica Energy, Tangiers Petroleum
Morocco is a constitutional monarchy with an elected parliament. The Moroccan Government is currently led by the Islamist Justice and Development party which won Morocco’s general election in November 2011.
Since 1999 Morocco has had a stable economy marked by steady growth, low inflation and declining government debt. It has also seen an improvement in its industrial developments and infrastructure and has good trade relations with other countries.
Morocco – World Factbook – CIA, 02.02.2017
Standard & Poor’s, 02.02.2017